cryptocurrency industry

Lennix Lai, the Global Chief Commercial Officer at OKX, discussed various aspects of the cryptocurrency industry during an interview at the Blockchain Economy Summit in Dubai. Here are some key points from the interview: Crypto vs. Traditional Finance: Lai highlighted the differences between work ...

CoinDesk has won a Gerald Loeb Award, a prestigious accolade in financial and business journalism, for its coverage of the collapse of Sam Bankman-Fried's cryptocurrency empire. The award, presented in the breaking news category, recognizes CoinDesk's reporting on the vulnerabilities within Alameda ...

Kraken, a prominent cryptocurrency exchange, is gearing up to diversify its services by entering the realm of traditional finance. The exchange has announced plans to launch US-listed stock and Exchange-Traded Fund (ETF) trading services in 2024, marking its first venture outside of the cryptocurren ...

Kris Marszalek, the co-founder and CEO of Crypto.com, has made a significant announcement on Twitter about the company's intentions to acquire strategic businesses. In a tweet, Marszalek stated that Crypto.com is actively seeking to acquire companies that would strengthen its position for the next c ...

Digital Currency Group (DCG), a prominent venture capital firm in the cryptocurrency industry, has taken a significant step toward resolving the debt issues of its crypto lending subsidiary, Genesis. Agreement in Principle An agreement in principle has been reached between DCG, debtors, a ...

Tether Holdings Inc., the company behind the leading stablecoin USDT, announced on March 30 their new enterprise with sustainable Bitcoin mining in Uruguay. Five months later, there was a new update on August 24 on what could be one of these new Bi ...

Opinion: Is this exchange the next FTX? The blockchain industry has been revolutionary, to say the least. In the last three years, the crypto market has affected and changed lives positively — mine included. And this is ...

European financial firms serving cryptocurrency companies intend to increase the staff of B2B sector compliance specialists. Several companies - Greengage Global Holding, BCB Group, Blockbank and Fiat Republic - have announced their intention to significantly strengthen the ...

The Hong Kong Police Cybersecurity and Technology Crime Bureau (CSTCB) has unveiled a new meta-universe platform called CyberDefender The Cyber Police and the Police Technology Crime Bureau (CSTCB) launched a platform called CyberDefender of the Metaworld and held its first online event, "Explori ...

The city wants to become a global innovation center for the digital economy The city will spend $14 million a year to achieve this goal; May 27, the city of Beijing released a whitepaper that aims to promote innovation and the development of the Web3 industry. ...

A Messagepoint board member and portfolio investor said China's state-owned digital currency could undermine the U.S. dollar's role in international trade in the foreseeable future. Paul Melchiorre said he sees great potential for central bank digital currencies (CBDC) in t ...

Popular ChatGPT chatbot predicted that meme tokens could remain investable for a long time if such assets find more serious practical application. Experts in the cryptocurrency community continued to test the popular language artificial intelligence-based ChatGPT model. ...

Part of the Multichain protocol interconnection routes suddenly stopped working. Users of the interconnecting protocol have had their funds blocked by roughly $1.5 billion. The Multichain team was originally thought to be working on a protocol update, but on Thursday, May ...

American billionaire and reality TV star Shark Tank offered a way for cryptocurrency issuers to avoid SEC harassment. Mark Cuban believes that cryptocurrency issuers could immediately issue their assets and use them to provide liquidity through decentralized finance (DeFi), ...

Ether would then fall under the jurisdiction of both the SEC and the U.S. Commodity Futures Trading Commission (CFTC). There is currently no certainty about ETH. CFTC representatives have repeatedly referred to ether as a commodity and stated that it is their agency that should regulate this cryp ...

As reported by Reuters, the cryptocurrency exchange Binance in 2020 and 2021 did not keep separate records of corporate and customer balances in violation of U.S. financial rules. Reuters, citing unnamed sources close to the Binance exchange, reported that the cryptocurrenc ...

Akk Invest published a report saying that the U.S. is at risk of ceding leadership in the cryptocurrency industry amid increasing regulatory pressure in the country. The report noted that major trading firms, including Jane Street Group and Jump Trading, are reducing their ...

Popular cryptocurrency analyst nicknamed Pentoshi believes that blockchain games will be the fastest growing industry during the next growth cycle of the cryptocurrency market. Pentoshi bases his opinion on the fact that it is easier for cryptocurrency games to be the drive ...

From 35,000 to 15,000 guests Some of the shows on the first day were barely a quarter full Low attendance was attributed to a "bear" and high ticket prices The cheapest ticket cost $999 Miami hosts perhaps the most important event of the c ...

Earlier this month, the administration of U.S. President Joe Biden proposed a 30% tax on miners' income. But according to Marathon Digital CEO Fred Thiel, such a tax would not work. According to Fred Thiel, introducing such draconian measures would simply force mining com ...

Consulting firm Black Dot and an unnamed cryptocurrency exchange have asked the Central Bank of India to restore access for cryptocurrency companies to the national Union Payments Interface (UPI) payment system. Last year, Indian cryptocurrency trading platforms CoinSwitc ...

Only 31 out of 60 leading cryptocurrency companies successfully passed external financial audit or confirmed the existence of reserves, according to the Bloomberg research. The study involved representatives from different areas of the crypto industry: cryptocurrency exchange ...

It's about SEC member Hinman's documents He didn't recognize cryptocurrencies as securities a couple of years ago And so Ripple and other cryptocurrency companies aren't breaking the law A federal judge denied the SEC's motion to shut down Hinman's do ...

Hedge fund manager Paul Tudor Jones, who has always advocated investing in bitcoin, said that the first cryptocurrency has become less attractive in the current regulatory and economic situation. During CNBC's Squawk Box program, Paul Tudor Jones noted that U.S. regulators ...

Empower Oversight has sued the U.S. Securities and Exchange Commission (SEC) for refusing to clarify rules for cryptocurrencies. This, according to the public, violates the Freedom of Information Act (FOIA). Empower Oversight filed ...

Market participants urged to manage risk now Stablecoin regulation is not just in the EU Stablecoin regulations require issuers to have a variety of reserves. Jose Manuel Campa, chairman of the European Banking Authority, urged cryptocurrency players to start ...

Yesterday, a new stablecoin called Euro CoinVertible was introduced on Ethereum by a subsidiary of Societe Generale, a French bank. However, it has been discovered that the code of the smart contract was written poorly. After an audit of the EURCV code by developers from the crypto community, ...

According to an interview with Bloomberg, the CEO of the Stellar Development Foundation, Denelle Dixon, believes that US lawmakers need to develop regulation for stablecoins tied to the US dollar. This would help strengthen the value of the national currency, as US financial regulators are increa ...

According to insiders cited by Bloomberg, the Ministry of Justice had been conducting an investigation into Signature Bank's dealings with clients from the crypto sector before its closure. The inquiry's primary aim was to ascertain whether the bank had implemented all necessary measures to compl ...

According to the CEO of the Kraken cryptocurrency exchange, American financial regulators are supporting those entrepreneurs and start-ups that are aimed at developing the cryptocurrency industry, not destroying it. Jesse Powell, in his recent statement, pointed out - "The nefarious ent ...

South Korean financial authorities are exploring the possibility of implementing a ban on staking services offered by domestic virtual asset exchanges. They held a meeting in Seoul to discuss global trends in cryptocurrency regulation and plans to support and stabilize the national financial market ...